Streetbeat News

Partnerships

GOOG

ICAD

iCAD, Inc. (NASDAQ:ICAD) has expanded its agreement with Google Health to integrate Google's AI technology with iCAD's ProFound Breast Health Suite for 2D Mammography. The technology will be used as an independent reader for breast cancer screening worldwide upon regulatory approval. The integration aims to address the global shortage of radiologists and improve efficiency in mammography reading. In a study, Google's AI system outperformed human readers in mammography reading, reducing the workload of the second reader by 88%.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:36 pm

AMZN

GOOGL

MSFT

NVDA

Amazon is designing custom microchips, Inferentia and Trainium, for AWS' generative AI training and acceleration to bypass Nvidia GPUs for large language model training. Amazon Web Services CEO Adam Selipsky stressed the global demand for generative AI chips, including Amazon's designs. Microsoft invested $13 billion in OpenAI and quickly integrated generative AI models into its products. Google launched Bard LLM and invested $300 million in OpenAI competitor Anthropic. Amazon launched its own Titan LLMs and Bedrock service for enhancing software using generative AI.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 12:29 pm

GOEV

Canoo (NASDAQ:GOEV) has finalized agreements on workforce and economic development incentives with the state of Oklahoma and the Cherokee Nation for its vehicle assembly and battery module manufacturing plants. The combined value of the incentives is up to $113 million over 10 years. The company plans to hire over 1,300 employees and invest more than $320 million in its Oklahoma City assembly facility and Pryor battery module manufacturing plant.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:19 pm

VSAT

Viasat Inc. (NASDAQ:VSAT) has opened a Real-Time Earth (RTE) ground station in Hokkaido, Japan, enabling RTE customers to downlink Ka-band payload data in the northwestern Pacific. The new ground site provides unique access to a strategic location that reduces the time to deliver mission-critical data. Viasat is positioning itself as a global leader in Ka-band support for low earth orbit missions. The company's RTE Ka-band footprint now includes sites in Sweden, Ghana, South Africa, and Australia, with plans to expand to Alaska and Argentina later this year.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:16 pm

Ford Motor Company's unit Changan Ford Motor plans to establish an electric car joint venture (JV) with China's Chongqing Changan Automobile. Changan Ford will own a 60% stake and Chongqing Changan Automobile the remaining 40%. The JV will be involved in the business of new energy passenger vehicles and the distribution of Ford brand models. Ford's sales with Changan dropped 12.6% Y/Y in the first half of the year.

Portfolio Pulse from Nabaparna Bhattacharya

August 14, 2023 | 12:00 pm

KBR

LUNR

KBR and Intuitive Machines have secured a $719 million contract from NASA under the Omnibus Multidiscipline Engineering Services (OMES) III. The contract, which spans five years, will aid NASA's development of space orbital systems.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 10:09 am

AHI

Advanced Health Intelligence Ltd (NASDAQ:AHI) has signed a collaboration agreement with UAE-based IntelliGen FZ-LLC to deploy AHI's technology in the Middle East. IntelliGen will receive up to 2 million AHI shares for the delivery of a $20 million license to AHI in the region, and a revenue share on all sales across the region delivered by IntelliGen.

Portfolio Pulse from Charles Gross

August 14, 2023 | 9:03 am

TSLA

Ford Motor Co CEO, Jim Farley, shared his experiences from a road trip in the F 150 Lightning electric pickup, highlighting the importance of efficient charging stations for electric vehicles (EVs). Farley praised the quick and easy charging at a 350 kW station in Baker, California, but also noted the challenges faced at slower stations. He mentioned that Ford is working with Tesla to provide Ford drivers access to over 12,000 superchargers and that EV-certified Ford dealers are installing fast chargers at their dealerships.

Portfolio Pulse from Anan Ashraf

August 14, 2023 | 8:30 am

AMZN

BRK

MSFT

NVDA

This week in AI saw significant investments and strategic moves by major companies. Morgan Stanley highlighted AI as a pivotal investment trend for the next decade. Neuralink, backed by Elon Musk, secured $280 million in funding for its brain chip trials. A study from Lucidworks revealed a surge in generative AI spending, with companies like Microsoft leading the charge. Nvidia is indirectly challenging cloud giants like Microsoft and Amazon by supplying AI accelerators to CoreWeave. Warren Buffett has directed a significant portion of Berkshire Hathaway’s portfolio towards AI investments.

Portfolio Pulse from Benzinga Neuro

August 13, 2023 | 1:01 am

GOOGL

LCID

NIO

RIVN

TSLA

The week ending August 1 saw a downturn in electric vehicle (EV) stocks due to inflation worries and earnings news. Key events included the resignation of Tesla's CFO Zachary Kirkhorn, PepsiCo's endorsement of Tesla's Semi, and Elon Musk's announcement of a 'mind-blowing' full-self driving software update. General Motors' pricing strategy for its new Cadillac EV was criticized, while Rivian and Lucid reported earnings. GM's Cruise and Alphabet's Waymo received approval for expanded driverless operations in San Francisco. Nio denied rumors of a partnership with Mercedes-Benz.

Portfolio Pulse from Shanthi Rexaline

August 12, 2023 | 1:30 pm